https://www.taxtmi.com/caselaws?id=429958 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to quash the reassessment order. The Tribunal held that the reopening was based on a change of opinion without new tangible material and did not comply with the proviso to section 147, as the AO failed to prove any failure on the part of the assessee to disclose material facts. en-us Fri, 04 Nov 2022 00:00:00 +0530 Mon, 07 Nov 2022 14:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429958 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s decision to quash the reassessment order. The Tribunal held that the reopening was based on a change of opinion without new tangible material and did not comply with the proviso to section 147, as the AO failed to prove any failure on the part of the assessee to disclose material facts. Case-Laws Income Tax Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429958